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The fight for market share in Nigeria’s downstream petroleum space intensified againThe price of petrol sold at private depot owners is now below what Dangote sellsDangote refinery recently reduced its price to reflect changes in the global crude oil market
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Private depot owners have undercut marketers linked to Dangote, slashing Premium Motor Spirit (PMS) prices to levels below the prevailing rate.
Dangote is currently selling petrol at around N1,127 per litre following a recent adjustment from the refinery.
Dangote Refinery faces fresh competition as depots reduce petrol prices Photo: BloombergSource: UGC
Petrol price falls at depots
Petroleumprice.ng reports that independent depots quickly responded to Dangote refinery changes with lower rates, intensifying competition across the wholesale market.
On Thursday, June 25, Aiteo and MRS Tincan were offering PMS at N1,125 per litre,
